Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Nuveen Virginia Quality Municipal Income Fund (NYSE:NPV) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.55 and traded as low as $12.18. Nuveen Virginia Quality Municipal Income Fund shares last traded at $12.22, with a volume of 19,667 shares trading hands.

Nuveen Virginia Quality Municipal Income Fund Stock Down 0.8 %

The stock’s fifty day simple moving average is $12.55 and its 200 day simple moving average is $12.77.

Nuveen Virginia Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 7.07%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Virginia Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. XML Financial LLC boosted its stake in shares of Nuveen Virginia Quality Municipal Income Fund by 49.5% in the fourth quarter. XML Financial LLC now owns 22,946 shares of the financial services provider’s stock valued at $290,000 after buying an additional 7,596 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Nuveen Virginia Quality Municipal Income Fund by 34.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 46,594 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 12,058 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of Nuveen Virginia Quality Municipal Income Fund by 12.1% during the fourth quarter. DAVENPORT & Co LLC now owns 224,754 shares of the financial services provider’s stock valued at $2,843,000 after buying an additional 24,338 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Nuveen Virginia Quality Municipal Income Fund by 10.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,951 shares of the financial services provider’s stock worth $290,000 after buying an additional 2,200 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Nuveen Virginia Quality Municipal Income Fund during the fourth quarter valued at about $1,036,000. Hedge funds and other institutional investors own 11.68% of the company’s stock.

About Nuveen Virginia Quality Municipal Income Fund

Nuveen Virginia Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better.